Contact Information: Contact Terry Frandsen Vice President and CFO 812/467-1334 Daniel Messmer President and CEO 812/467-4449
Escalade Announces Dividend of $0.22 per Share
| Source: Escalade, Inc.
EVANSVILLE, IN -- (MARKET WIRE) -- February 21, 2007 --Escalade, Inc. (NASDAQ : ESCA ), announced that
its Board of Directors authorized the payment of a twenty-two cent ($0.22)
per share dividend payable March 16, 2007, to all shareholders of record on
March 9, 2007.
Daniel Messmer, President and CEO, stated that, "This represents a 10%
increase over the $0.20 per share dividend paid last year and reflects the
continued strong cash flow of the business. Management believes that 2007
profits will generate sufficient cash flows to pay dividends and meet
operating capital requirements."
Escalade is a quality manufacturer and marketer of sporting goods and
office/graphic arts products sold worldwide. To obtain more information on
the Company and its products, visit our website at: www.EscaladeInc.com or
contact Terry Frandsen, Vice President and CFO at 812/467-1334 or Daniel
Messmer, President and CEO at 812/467-4449.
This report contains forward-looking statements relating to present or
future trends or factors that are subject to risks and uncertainties.
These risks, include, but are not limited to, the impact of competitive
products and pricing, product demand and market acceptance, Escalade's
ability to successfully integrate the operations of acquired assets and
businesses, new product development, the continuation and development of
key customer and supplier relationships, Escalade's ability to control
costs, general economic conditions, fluctuations in operating results,
changes in the securities markets and other risks detailed from time to
time in Escalade's filings with the Securities and Exchange Commission.
Escalade's future financial performance could differ materially from the
expectations of management contained herein. Escalade undertakes no
obligation to update these forward-looking statements after the date of
this report.